Qatar ranks among top 10 countries for investments

DOHA: Qatar took the 9th spot in attracting foreign investments and the 25th Best Country worldwide, up by one place compared to 2023, as per the la...

DOHA: Qatar took the 9th spot in attracting foreign investments and the 25th ‘Best Country’ worldwide, up by one place compared to 2023, as per the latest ‘Best Countries in the World’ rankings by US News & World Reports. This significant milestone enabled the country to move up four places Y-O-Y in the attribute that assesses where respondents would like to live, signalling that Qatar is drawing more interest in this sector.

Speaking to The Peninsula, Elliott Davis, Analyst and Reporter at US News & World Report on Best Countries said that Qatar’s robust performance has boosted the growing GDP, eventuating the country to rank among the best countries globally.

He said: “Qatar turned in a solid performance for the 2024 version of rankings, entering the top 25 overall. It ranks in the top 30 for six of the 10 sub rankings, including a number 3 placement in movers, which assesses a country’s prospects for future growth depending on factors such as how prepared it is to weather challenges posed by the global economy.”

However, Qatar ranks in the bottom half, ranking 58 on the ‘Start a Business’ list, landing at number 23 in entrepreneurship and 34 in ‘Business Opportunities’, respectively.

“It did not rise or fall in the entrepreneurship sub-ranking, but Qatar did jump 37 spots in ‘Open for Business’, which represented the largest sub-ranking increase among all countries we assessed,” Davis noted.